Italy proposes tax on savings hidden in safety deposit boxes

FILE PHOTO: Italian Deputy Prime Minister Matteo Salvini attends a news conference following a cabinet meeting in Rome, Italy, June 11, 2019 REUTERS/Remo Casilli

MILAN (Reuters) - Italy's government may tax cash and other valuables locked away in safety deposit boxes held with banks, Italian newspapers said on Wednesday, quoting Deputy Prime Minister Matteo Salvini.

The dailies quoted Salvini as telling a late-night TV programme on Tuesday that he had been advised that safety deposit boxes in Italy held assets worth hundreds of billions of euros.